What you are seeing is expected. Campus Manager is not a fault management application. As long as it can contact the device during its polling cycles (every two hours by default), then the device will appear green, and its links black.
If the stack as a whole goes down, then once the polling cycle passes (or Data Collection is run manually), Campus should mark that stack as red.
Campus Manager 5.1 (part of LMS 3.1) has integration with DFM which can receive stack failure traps. In that case, Campus can display an icon on the map indicating that DFM has found a fault with the device. You can then cross-launch to DFM to get the fault details.